by Lara | Feb 8, 2018 | Gold |
Another downwards day was expected to see price continue towards the target. Summary: Price is at support, so the target may not be met. For the short term, a new high above 1,327.81 and then above the yellow best fit channel would indicate an end to the downwards...
by Lara | Feb 7, 2018 | Gold |
Price continues to move lower towards the target as expected from the main Elliott wave count. Summary: The target for this downwards wave remains at 1,286 – 1,284. About there a reversal and a strong bounce may begin. The mid term picture still expects that...
by Lara | Feb 6, 2018 | Gold |
Price reacted downwards off the trend channel on the hourly charts and has bounced up from support at the lower edge. Summary: Assume resistance and support at the trend channel for the short term. If price breaks above the upper edge, look for a strong bounce. The...
by Lara | Feb 5, 2018 | Gold |
Gold continues to be range bound exactly as expected. Summary: This consolidation may continue for another 12 weeks (including this week). It may be choppy and overlapping, or it may be a sharper pullback. Support may be about 1,315 or possibly as low as 1,284....
by Lara | Feb 3, 2018 | Gold, Lara's Weekly, S&P500, US Oil
GOLD ANALYSIS Summary: A consolidation looks likely to have begun, and it may be as time consuming as a Fibonacci 13 or even 21 weeks. It is also possible it may be a quicker sharper pullback. When it is complete, the upwards trend may resume. A new low below 1,236.54...
by Lara | Feb 3, 2018 | US Oil
Sideways movement, which has not made a new high, this week fits the main Elliott wave count better than the new alternate. Summary: Assume the upwards trend remains intact while price remains within the yellow channel on the daily chart. Only if that channel is...
by Lara | Feb 3, 2018 | Gold |
A consolidation or pullback continues as expected. Two ideas for the short term are now considered at the hourly chart level. Summary: A consolidation looks likely to have begun, and it may be as time consuming as a Fibonacci 13 or even 21 weeks. It is also possible...
by Lara | Feb 2, 2018 | Silver
Silver is consolidating. Volume may suggest the breakout direction. Summary: Silver is in a small consolidation. Volume suggests an upwards breakout. The Elliott wave target is at 20.395. A new low below 15.525 would indicate Silver remains in a bear market. The...
by Lara | Feb 1, 2018 | Gold |
Last analysis expected a consolidation to continue. A long legged doji closed, which moved price essentially sideways as expected. Summary: A consolidation looks likely to have begun, and it may be as time consuming as a Fibonacci 13 or even 21 weeks. It is also...
